Describe Three Economic Problems Facing President Obama In His First 120 Days

p Describe Three Economic Problems Facing chairperson Obama in the First 120 DaysNameSubjectProfessorDateBarack Obama , the 44th President of the desegregate States , faces commodious sparing challenges in his first 120 geezerhood in office . Many Americans today see go for in Obama but he has to do more than mediocre inspire people in to salvage the faltering US economy . Among the various scotch problems Obama currently faces today atomic number 18 the sky-rocketing bailiwick debt , the falling US dollar , and the global economic respite that s plaguing the country and most of the industrialized worldThe US matter debt currently stands at 68 of the gross domestic convergence point (GDP , which is equivalent to over 10 trillion .

This huge debt is overly forecast to increase even more as the presidential term collects less and less tax revenues and spends high because of the global recession Obama s 787 billion financial bailout plan pull up stakes also bury up a huge goon of the guinea pig bud nail , further contributing to the suppuration debt (Dupuis and Boeckelman 34Another problem that will likely work to the increasing national debt is the rapidly rising cost of Medicaid and Medicare . Obama repeatedly said during his presidential campaign that he would afford a universal wellness care system that would operate medical care is accustomed to everyone , but the cost of that program may also add to the debt Furthermore , the US has a relatively large agedness pop! ulation that would likely lose weight tax revenues and tramp government spending (Kuttner 185The...If you want to get a full-of-the-moon essay, order it on our website: OrderCustomPaper.com

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